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WITTE Automotive Bulgaria unit completes 10.2 mln euro plant expansion

WITTE Automotive Bulgaria unit completes 10.2 mln euro plant expansion Photo: WITTE Automotive Bulgaria EOOD/ All rights reserved.

SOFIA (Bulgaria), May 14 (SeeNews) - The Bulgarian unit of German vehicle access systems manufacturer WITTE Automotive said on Tuesday it has finalised the expansion of its plant in Russe worth over 20 million levs ($11.4 million/10.2 million euro).

The official opening of the new production and logistic facilities was held on May 11, the company said in a press release.

The expansion of the plant will open some 350 new jobs, increasing the company's total headcount to over 1300, WITTE Automotive Bulgaria said in a separate statement.

WITTE Automotive Bulgaria achieved turnover of over 100 million euro from the operation of its plant in Russe. Turnover is expected to rise to 180 million euro by 2022 on the back of the expansion of the manufacturing facilities.

WITTE Automotive entered the Bulgarian market in 2009. The company supplies carmakers with latches, hinges, lock sets and door handles.

(1 euro = 1.95583 levs)

 

 

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